A confirmed irrevocable letter of credit is issued by the _____ bank and confirmed by a bank usually in the _____ country.
A)importer's, exporter's
B)exporter's, importer's
C)investment, exporter's
D)government's, exporter's
E)none of the above

Question

Quizplus · Accepted Answer

A confirmed irrevocable letter of credit is issued by the importer's bank and confirmed by a bank usually in the exporter's country to ensure payment security for the exporter.

A Confirmed Irrevocable Letter of Credit Is Issued by the _____